Public Limited Company

The Companies Act, 2013 (‘Act’) regulates the establishment and functioning of public limited companies in India. There are two types of Public Limited Company – Listed and Unlisted. An unlisted public limited company can offer its shares to the general public, providing limited liability to its shareholders. Its shares can be acquired by anyone, either through an Initial Public Offering (IPO) or by trading on the stock market. These companies are subject to strict regulations and must transparently disclose their financial status to shareholders.

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Benefits of a Public Limited Company

Easy Share Transfer

Shares can be transferred with minimal formalities, facilitating easy buying and selling.

Increased Borrowing Capacity

Public companies are seen as more credible by banks, enhancing their ability to borrow and boosting visibility.

Limited Liability

Directors and shareholders enjoy protection, as their liability is limited to their investment in the company.

Stock Exchange Listing

Shares can be listed on stock exchanges, providing liquidity and greater exposure, subject to compliance with regulations.

Eligibility criteria

Documents Required for Incorporating a Public Limited Company

Proof of Identity: Identification documents for all shareholders and directors.
Proof of Address: Address verification for all directors and shareholders.
PAN Numbers: Permanent Account Numbers for all shareholders and directors.
Utility Bill: A recent utility bill for the proposed registered office.
No Objection Certificate (NOC): NOC from the landlord of the office location.
Director Identification Number (DIN): DIN for all directors.
Digital Signature Certificate (DSC): DSC for the directors.
Memorandum of Association (MOA): Document outlining the company's objectives.